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Stuck in the channel (3/8 - 5/8)

07 September 2015, EUR/USD

stuck in the channel (3/8 - 5/8)

The four-hours chart of EURUSD. The pair rebounded from the first level (5/8), then easily overcame the major support / resistance level (4/8) and stopped at the level of (3/8). There are all prerequisites for a further price movement within a horizontal channel (3/8 - 5/8). This option will be the main as long as the price will stay within the borders of the above mentioned channel.

solutions: buy from the level 1.1108 (3/8). < / p>

Nikolay Krishtopov
Analyst of «FreshForex» company
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